According to the proposed budget for 2013 submitted by President Goodluck Jonathan to the National Assembly, the Ministry of Finance, under Dr Ngozi Okonjo-Iweala has a total allocation of N14,759,952, 110.
However, the breakdown of the budget is a bit disturbing. The ministry will spend N6,056,366,976 on personnel, N5,429,969,154 as overhead cost; N11,486,336,130 as total recurrent and N3,273,615,980 for capital.
The Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, plans to spend N1,098,296,979 on sitting allowances and honorarium and another N43,515,655 on refreshment and meals next year.
Also, the Ministry of Finance plans to spend N153, 922, 307 on local travels, N170, 922, 307 on international travels while N68,613,133 will be for local training and N68,883,133 on international training.
The Office of the Minister also estimates that it would expend N43,381,673 million on cleaning and fumigation, just as it planned that security services would gulp a total of N36,829,446 million.
Interestingly, fumigation and clearing will cost more that security! But, why should this be surprising? After all, the ministry plans to spend N64,768,973 on the fuelling of its generators though it has set aside another sum of N38,205,019 for the payment of electricity bills. That is a government which has promised increase in power supply by the end of this year. Haven’t Nigerians got their answers already?
Nigeria will never go forward with the kind of people we av in govt
Just imagine, how is the nation suppose to move forward when the pple at the top are all criminals. Anyway whatever they do God will continue to sustain His people.
they are all thieves
These detractors again! So they didn’t see all the jobs, roads, rail, payment of local debts, improved welfare of women and children in the budget? Na only fumigation dem see? Jobless people!
The budget of finance ministry minus its agencies is one of the smallest because of okonjo-iweala. Only about 0.11% of total budget. Who are these jobless people?
Good riddance to bad rubbish